During the same quarter in the prior year, the firm posted $93.67 earnings per share. Zacks Investment Research cut Honda Motor from a "buy" rating to a "hold" rating in a research note on Tuesday, January 2nd. The business had revenue of $3,957.12 billion during the quarter, compared to the consensus estimate of $3,725.76 billion. Creative Planning now owns 4,057 shares of the company's stock valued at $117,000 after buying an additional 1,666 shares during the period. HMC underperformed by 2.07% the S&P 500. IFP Advisors Inc now owns 4,312 shares of the company's stock valued at $109,000 after buying an additional 1,291 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its holdings in Honda Motor by 19.2% in the 3rd quarter.
Honda Motor Co, Ltd. (Honda) develops, manufactures and markets motorcycles, automobiles and power products across the world. Clearbridge Investments LLC now owns 501,942 shares of the company's stock worth $17,106,000 after acquiring an additional 8,102 shares during the last quarter. Hedge funds and other institutional investors own 3.04% of the company's stock. During the same quarter a year ago, the company earned $93.67 earnings per share. Two Sigma Advisers LP bought a new stake in Honda Motor during the 4th quarter worth about $481,000. JPMorgan Chase raised Honda Motor from a "neutral" rating to an "overweight" rating in a research note on Thursday, February 15th. Credit Suisse Group upgraded shares of Honda Motor from a "neutral" rating to an "outperform" rating in a research note on Tuesday, February 20th. Jefferies Group set a $42.00 price objective on shares of Honda Motor and gave the company a "buy" rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. The stock presently has a consensus rating of "Buy" and a consensus price target of $40.50. Analysts at Wall Street see Honda Motor Co., Ltd.'s -56.76 % negative EPS growth compared to $1.11 earnings per share for last quarter.
COPYRIGHT VIOLATION WARNING: "Raymond James & Associates Purchases 17,467 Shares of Honda Motor (NYSE:HMC)" was first reported by Week Herald and is owned by of Week Herald. If you are viewing this article on another domain, it was illegally copied and reposted in violation of United States and worldwide copyright & trademark legislation.
The firm operates through four divisions: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses.6.42 is the P/E ratio.